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Blue Chip Growth

Stock Report: "Laredo Petroleum, Inc." (LPI) Report Updated: Jul 28, 2014 | Print This Page

Get more stock ratings by Louis Navellier

"Laredo Petroleum, Inc." (LPI)

Rating: Hold Volatility: Moderate
Total Grade: C Industry: Oil Gas & Consumable Fuels
Competitors: RRMS, NS, PSXP, CRZO

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: C down no change
Last Week: C same no change
Two Weeks Ago: C up downgrade
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Company Profile

Laredo Petroleum Holdings, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas in the Permian and Mid-Continent regions of the United States. The company’s principal properties include the Permian Basin covering an area of 134,680 net acres in approximately 300 sections in the Wolfberry and deeper horizons located in west Texas and southeastern New Mexico; and the Anadarko Granite Wash property comprising 37,850 net acres situated in the Texas Panhandle and Western Oklahoma. As of December 31, 2011, its total estimated proved oil and natural gas reserves were 156.5 million barrels of oil equivalent. The company also drilled 29 gross horizontal wells in the Permian Basin and 12 gross horizontal wells in the Anadarko Granite Wash. Laredo Petroleum Holdings, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

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